Michael Beasley, the No. 2 overall pick in the 2008 draft, was released by the Phoenix Suns in the wake of his recent arrest on suspicion of marijuana possession. "The Suns were devoted to Michael Beasley's success in Phoenix," Suns president of basketball operations Lon Babby said in a statement. "However, it is essential that we demand the highest standards of personal and professional conduct as we develop a championship culture. Today's action reflects our commitment to those standards." Read more http://espn.go.com/nba/story/_/id/9630821/michael-beasley-release-former-no-2-pick-phoenix-suns